Unless otherwise stated, a preference share is always deemed to be : | Faculties

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Mr. Dubey

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📊 Financial Accounting

Q. Unless otherwise stated, a preference share is always deemed to be :

(A) Cumulative, participating and non-convertible
(B) Non-cumulative, non-participating and non-convertible
(C) Cumulative, non-participating and non-convertible
(D) Non-cumulative, participating and non-convertible

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✅ Correct Answer: (C) Cumulative, non-participating and non-convertible

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